Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 27 January 2015, producer of electric domestic appliances, FagorMastercook, implemented a collective dismissal programme affecting 805 jobs at its Wrocław unit. Redundant workers will receive severance pay.
The factory in Wrocław was founded in 1946 and was state-owned until it was acquired by Fagor in 2002.
As ERM previously reported in 2014, the company announced a bankruptcy ratified by court decision and it has been managed by the company’s trustee since February 2014.
Eurofound (2015), FagorMastercook, Bankruptcy in Poland, factsheet number 78301, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78301.